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Aoyang Shunchang LED Phase II project is under construction
On December 9, Aoyang Shunchang said on its interactive platform that the company's LED Phase II project has obtained the approval letter from the National Development and Reform Commission and is already under construction. The company is optimistic about the future development of the LED industry, LED downstream demand is in rapid growth, the company will develop LED business in accordance with the established strategy, and expand and strengthen LED business in line with the company's development needs. In addition, the company's current asset-liability ratio is not high. Before the funds available for convertible bonds are in place, the company stated that it will invest in the early stage of self-raised funds and proceed to build according to the planned progress. After the funds are raised, they will be replaced.